<h1>NABARD Enhances Oversight of Cooperative Banks in India for Better Compliance and Operations; RBI Imposes Penalties for Violations.</h1> The National Bank for Agriculture and Rural Development (NABARD) is overseeing the performance of cooperative banks in India to enhance their operations. There are 31 State Cooperative Banks, 370 District Central Cooperative Banks, 20 State Co-operative Agriculture and Rural Development Banks, and 697 Primary Co-operative Agriculture and Rural Development Banks. Inspections have revealed issues such as inadequate capital maintenance, non-compliance with banking regulations, and irregularities in loan sanctions. NABARD is addressing these through compliance mechanisms, and the Reserve Bank of India has imposed penalties for serious violations. This information was disclosed by a government official in response to a parliamentary question.